THE needs of urbanites have led to the springing up of serviced apartments. This is a trend that is emerging in major cities in the world, including
Another example is Shangri-La Residences, an apartment building launched in late May this year. This luxurious apartment building, managed by Shangri-La Hotel and designed by Hirsch Bedner Associates of Hong Kong, is made up of two towers -- the
This apartment building located on Jl. Sudirman uses a personal intercom camera system, with occupants able to enter their apartments only through a lift and private door. "With this high-tech security system and other supporting facilities, the residence will feel safe and comfortable," said Miguel Feurmann, property manager of Shangri-La Residences,
Meanwhile, according to Ratu Neilla, the general manager of the Plaza Residences, most of the clients of this condotel, which became officially operational in mid-1998, are expatriates, particularly Japanese. "Nearly 75 percent of our tenants are Japanese. That's why the facilities are suited to their needs. The clinic here, for example, has a Japanese doctor. The restaurant and other facilities also tend to cater to the needs of the Japanese," she said.
The Plaza Residences has 259 apartments, of which about 80 have been bought by individuals while the rest are leased. According to Neilla, the remaining apartments are not for sale. Ninety percent of the apartments that have been bought by individuals remain unoccupied. "People have mostly bought the apartments for investment, not as their residence," she said.
Investment? It seems that the majority of Indonesians who buy apartments do so as an investment, not only in
Far East Organization (FEO) is a Singaporean developer aggressively offering apartments to foreigners, including Indonesians. As the largest private developer and one of the largest local companies in
Controlling land worth S$2.7 billion in 2006 and 2007, FEO is currently constructing various projects totaling some seven million square feet. At present FEO-owned property development land measures a total of 11.1 million square feet, the largest amount of privately owned land in
Currently, Far East Organization is offering Silversea, an elite apartment complex facing the sea in the East Coast area. Each residence costs between S$1.3 million and S$4.3 million.
Built on a plot of land measuring 218,435 square feet, Silversea blends the beauty of a residential estate in a contemporary coastal resort style with easy access to the center of activities in
Silversea is indeed a very ambitious project. The design team is made up of DP Architects and KKS International. The former is a leading architectural consulting firm with an international network in seven countries that has won various citations for designs, for example for the Esplanade - Theatres on the Bay, the new National Library and Dubai Mall, while the latter is an interior design specialist located in Japan.
As Silversea is an elite residential complex, the facilities must certainly be complete, ranging from tennis courts, two 50-meter-long swimming pools and four dining pavilions each with their own unique theme. There are also several cabanas in which to enjoy breakfast and spa villas with Balinese or Japanese style that pamper occupants with their luxurious facilities.
The four tower, 21-story Silversea will not be just a luxurious apartment complex when its construction is completed in three years, it will also be an iconic landmark in
Chia hopes that 50 percent of the buyers will be foreigners. This expectation is not unfounded because what FEO is offering is a superior property product while
Following the arrival of skilled workers and wealthy people -- foreigners now account for 25 percent of
According to Nobelson Santo, an investor from